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The MAG CyberRisk Hub that MAG engaged NetDiligence® to provide for you, lists specific third-party technical and legal resources that may assist you in recovering from an incident. Please note that MAG has listed these highly specialized vendors solely as a convenience to you and to help you expedite your recovery. Be aware that MAG does not endorse the vendors’ respective services. MAG is not affiliated with these third-party vendors nor are we receiving compensation or other benefit for listing them in this portal. Before you engage any of these companies, MAG urges you to conduct your own due diligence to ensure the companies and their services meet your needs. Unless otherwise indicated or approved, the cost of services from these companies is your responsibility. Should you choose to engage a vendor or service, you are doing so at your own risk and MAG has no liability to you regardless of the outcome of your engagement of any vendor The CyberRiskHub also contains certain tools, descriptions, checklists, guidance, and aggregated information. MAG provides these resources solely as a convenience to you, and does not endorse these resources or warrant the accuracy of information provided or contained in these resources. The MAG is not providing any legal advice to you and in the event of a data breach or other security incident, you are urged to engage with your own professionals, legal and otherwise.
A Q&A with Brian Schaeffer of OceanFirst Bank N.A.
It’s a given that cyber attackers will target financial institutions but community banks and credit unions may be more vulnerable, with fewer resources to devote to security and the assumption, among perpetrators, that they’re an easier mark. I spoke to Brian Schaeffer, Chief Information Security Officer of OceanFirst Bank, a $7.4 billion asset Bank based in New Jersey, about the current risk landscape for smaller financial institutions and how they can best prepare to face off against these threats.